Referring to the residual of chips; it is a word to describe the condition of the area around you after you eat chips. - -e.g. little pieces of chips, salt, seasoning etc.
"Babe! I told you not to eat chips on my bed- Now my bed is all CHIPSY! :( "
I had some of those salt and vinegar potato chips while watching the Giants game, and I got chipsy. I couldn't stop eating them and I finished the bag.
A variation of the classic Gypsy Switch, the Chipsy Switch involves one reaching into his or her pocket, and pulling out a 100 dollar chip, and then placing that chip into his or her other pocket. Most preferably whilst drunk off White Claws and passing through Krispy Kreme donuts at Mohegan Sun.
Ryan: Paul, did you just perform a Gypsy switch?
Paul: oh yes I did
Steve: No, no...that’s the Chipsy switch
Ryan & Paul: Ohhh noooooo
British Army acronym describing urban warfare, it stands for Fighting In Someone's House & Causing Havoc In People's Streets. It probably comes from some squaddie saying that urban warfare was fighting in someone’s house, another realised that it spelled “FISH”. The logical thing, given the British soldiers’ sense of humour would be to add “& CHIPS” and find something appropriate to match the letters. Strictly speaking that makes it a bacronym, but a remarkably appropriate one for all that.